Falling wedge on EURUSD D1
A clear formation of falling wedge on EURUSD D1. Hope the pair touched 1.1100 in the coming days and then can breakout to meet 1.175-1.18(next resistance zone).
Boosting this idea, Bullish Divergence is detected on RSI, MACD and Stochastic indicators very clearly.
However, Economic factors play a key role in making this formation a success.
Let me know your ideas please!
Boosting this idea, Bullish Divergence is detected on RSI, MACD and Stochastic indicators very clearly.
However, Economic factors play a key role in making this formation a success.
Let me know your ideas please!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.